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All Forum Posts by: John Anderson

John Anderson has started 45 posts and replied 65 times.

Post: FHA Rules for Remote Workers?

John AndersonPosted
  • Posts 66
  • Votes 33

Hi all - two years ago I bought my first home in the Chicago area using the FHA loan program.

I recently switched jobs and am now working for a company based in Seattle.  However, as part of my employment agreement my new employer has allowed me to continue to live here.

I recently moved to Wisconsin to be closer to family, and would like to purchase a new home here. I understand that FHA rules allow you to take a second FHA loan under certain circumstances, including moving over 100 miles away. I'm wondering if I would be able to obtain a second FHA loan under these circumstances?
 

@Wayne Brooks what if house to house is still under 100 miles (say 92-93)?

Apologies if this is a silly question. I'm moving cities due to a new job and would like to purchase a new home through a second FHA loan.

On Google Maps, the new city is about 90 miles away from my current city. Can I still qualify for a second FHA loan or will lenders deny me?

Hi all - can anyone recommend a good local bank in Columbia, SC? I'm looking to do a refi of a duplex investment property I purchased. FMV should be between $80k-85k. Thanks!

Hi - does anyone have any recommendations on a good credit union in the Bay Area? I'm looking to refinance two out-of-state properties (each between $75k - $150k).

Specifically, I am hoping to find a credit union that has low closing costs, and that can even provide a single blanket loan that covers both properties.

Many thanks in advance!